empty
 
 

03.04.202503:50:57UTC+00South Korea Launches Emergency Measures to Counter U.S. Tariffs

On Thursday, South Korea unveiled "emergency support measures" for sectors such as the automobile industry as a countermeasure against the newly imposed U.S. tariffs. Acting President Han Duck-soo emphasized the urgent need to harness all available government resources to navigate the escalating global trade disputes. Officials in Seoul are expected to evaluate the repercussions of U.S. tariffs on both financial and foreign exchange markets and are planning strategic dialogues with Washington. The 25% reciprocal tariff imposed by President Trump on South Korean goods intensifies the strain on the nation's export-reliant economy, which is already grappling with domestic political issues and a deceleration in growth. Moreover, a separate 25% tariff on U.S. imports of autos and automobile components is soon due to take effect, significantly jeopardizing South Korean export activities.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback